Evaluation of unconventional monetary policy in a small open economy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2003.
"Closing small open economy models,"
Journal of International Economics, Elsevier, vol. 61(1), pages 163-185, October.
- Stephanie Schmitt-Grohe & Martin Uribe, 2001. "Closing Small Open Economy Models," Departmental Working Papers 200115, Rutgers University, Department of Economics.
- Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Closing Small Open Economy Models," NBER Working Papers 9270, National Bureau of Economic Research, Inc.
- Uribe, MartÃn & Schmitt-Grohé, Stephanie, 2002. "Closing Small Open Economy Models," CEPR Discussion Papers 3096, C.E.P.R. Discussion Papers.
- Vasco Curdia & Michael Woodford, 2010.
"Conventional and unconventional monetary policy,"
Review, Federal Reserve Bank of St. Louis, vol. 92(May), pages 229-264.
- Woodford, Michael & Cúrdia, Vasco, 2009. "Conventional and Unconventional Monetary Policy," CEPR Discussion Papers 7514, C.E.P.R. Discussion Papers.
- Vasco Curdia & Michael Woodford, 2009. "Conventional and unconventional monetary policy," Staff Reports 404, Federal Reserve Bank of New York.
- Mark Gertler & Simon Gilchrist & Fabio M. Natalucci, 2007.
"External Constraints on Monetary Policy and the Financial Accelerator,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 295-330, March.
- Mark Gertler & Simon Gilchrist & Fabio M. Natalucci, 2001. "External constraints on monetary policy and the financial accelerator," Proceedings, Federal Reserve Bank of San Francisco, issue Mar.
- Mark Gertler & Simon Gilchrist & Fabio M. Natalucci, 2007. "External Constraints on Monetary Policy and the Financial Accelerator," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2-3), pages 295-330, March.
- Mark Gertler & Simon Gilchrist & Fabio Natalucci, 2003. "External Constraints on Monetary Policy and the Financial Accelerator," NBER Working Papers 10128, National Bureau of Economic Research, Inc.
- Mark Gertler & Simon Gilchrist & Fabio M. Natalucci, 2003. "External constraints on monetary policy and the financial accelerator," BIS Working Papers 139, Bank for International Settlements.
- Guerrieri, Luca & Iacoviello, Matteo, 2015.
"OccBin: A toolkit for solving dynamic models with occasionally binding constraints easily,"
Journal of Monetary Economics, Elsevier, vol. 70(C), pages 22-38.
- Matteo Iacoviello, 2014. "OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily," 2014 Meeting Papers 801, Society for Economic Dynamics.
- Luca Guerrieri & Matteo Iacoviello, 2014. "OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily," Finance and Economics Discussion Series 2014-47, Board of Governors of the Federal Reserve System (U.S.).
- Peersman, Gert, 2011.
"Macroeconomic effects of unconventional monetary policy in the euro area,"
Working Paper Series
1397, European Central Bank.
- Gert Peersman, 2011. "Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area," CESifo Working Paper Series 3589, CESifo.
- G. Peersman, 2011. "Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/734, Ghent University, Faculty of Economics and Business Administration.
- Peersman, Gert, 2011. "Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area," CEPR Discussion Papers 8348, C.E.P.R. Discussion Papers.
- De Paoli, Bianca, 2009.
"Monetary policy and welfare in a small open economy,"
Journal of International Economics, Elsevier, vol. 77(1), pages 11-22, February.
- Bianca De Paoli, 2004. "Monetary Policy and Welfare in a Small Open Economy," CEP Discussion Papers dp0639, Centre for Economic Performance, LSE.
- De Paoli, Bianca, 2004. "Monetary policy and welfare in a small open economy," LSE Research Online Documents on Economics 19950, London School of Economics and Political Science, LSE Library.
- Nobuhiro Kiyotaki & Gauti Eggertsson & Andrea Ferrero & Marco Del Negro, 2010. "The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies," 2010 Meeting Papers 113, Society for Economic Dynamics.
- Peersman, Gert, 2011.
"Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area,"
CEPR Discussion Papers
8348, C.E.P.R. Discussion Papers.
- G. Peersman, 2014. "The Effectiveness of Unconventional Monetary Policies," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/875, Ghent University, Faculty of Economics and Business Administration.
- Joyce, Michael & Tong, Matthew & Woods, Robert, 2011. "The United Kingdom’s quantitative easing policy: design, operation and impact," Bank of England Quarterly Bulletin, Bank of England, vol. 51(3), pages 200-212.
- Joyce, Michael & Spaltro, Marco, 2014. "Quantitative easing and bank lending: a panel data approach," Bank of England working papers 504, Bank of England.
- Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
- Weale, Martin & Wieladek, Tomasz, 2016.
"What are the macroeconomic effects of asset purchases?,"
Journal of Monetary Economics, Elsevier, vol. 79(C), pages 81-93.
- Wales, Martin & Wieladek, Tomasz, 2015. "What are the macroeconomic effects of asset purchases?," Discussion Papers 42, Monetary Policy Committee Unit, Bank of England.
- Weale, Martin & Wieladek, Tomasz, 2015. "What are the macroeconomic effects of asset purchases?," CEPR Discussion Papers 10495, C.E.P.R. Discussion Papers.
- Schüder, Stefan, 2014. "Expansive monetary policy in a portfolio model with endogenous asset supply," Economic Modelling, Elsevier, vol. 41(C), pages 239-252.
- Andrew Levin & David López-Salido & Edward Nelson & Yack Yun, 2010.
"Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound,"
International Journal of Central Banking, International Journal of Central Banking, vol. 6(1), pages 143-189, March.
- Levin, Andrew & López-Salido, J David & Nelson, Edward & Yun, Tack, 2009. "Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound," CEPR Discussion Papers 7581, C.E.P.R. Discussion Papers.
- Christiane Baumeister & Luca Benati, 2013.
"Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound,"
International Journal of Central Banking, International Journal of Central Banking, vol. 9(2), pages 165-212, June.
- Christiane Baumeister & Luca Benati, 2012. "Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound," Staff Working Papers 12-21, Bank of Canada.
- Jones, Callum & Kulish, Mariano, 2013.
"Long-term interest rates, risk premia and unconventional monetary policy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2547-2561.
- Callum Jones & Mariano Kulish, 2011. "Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy," RBA Research Discussion Papers rdp2011-02, Reserve Bank of Australia.
- Schüder, Stefan, 2011. "Monetary policy trade-offs in a portfolio model with endogenous asset supply," University of Göttingen Working Papers in Economics 127, University of Goettingen, Department of Economics.
- Gieck, Jana, 2014. "Unconventional monetary policy in an open economy," Discussion Papers 41/2014, Deutsche Bundesbank.
- Gertler, Mark & Karadi, Peter, 2011. "A model of unconventional monetary policy," Journal of Monetary Economics, Elsevier, vol. 58(1), pages 17-34, January.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Rosenberg, Signe, 2019.
"The effects of conventional and unconventional monetary policy on house prices in the Scandinavian countries,"
Journal of Housing Economics, Elsevier, vol. 46(C).
- Signe Rosenberg, 2018. "The Effects of Conventional and Unconventional Monetary Policy on House Prices in the Scandinavian Countries," TUT Economic Research Series 44, Department of Finance and Economics, Tallinn University of Technology.
- Maria Sole Pagliari, 2021. "Does one (unconventional) size fit all? Effects of the ECB's unconventional monetary policies on the euro area economies," Working papers 829, Banque de France.
- Fabo, Brian & Jančoková, Martina & Kempf, Elisabeth & Pástor, Ľuboš, 2021.
"Fifty shades of QE: Comparing findings of central bankers and academics,"
Journal of Monetary Economics, Elsevier, vol. 120(C), pages 1-20.
- Brian Fabo & Martina Jančoková & Elisabeth Kempf & Ľuboš Pástor, 2020. "Fifty Shades of QE: Comparing Findings of Central Bankers and Academics," NBER Working Papers 27849, National Bureau of Economic Research, Inc.
- Jančoková, Martina & Pástor, Ľuboš & Fabo, Brian & Kempf, Elisabeth, 2021. "Fifty shades of QE: comparing findings of central bankers and academics," Working Paper Series 2584, European Central Bank.
- Kempf, Elisabeth & Fabo, Brian & Jancokova, Martina & Pástor, Luboš, 2020. "Fifty Shades of QE: Comparing Findings of Central Bankers and Academics," CEPR Discussion Papers 15449, C.E.P.R. Discussion Papers.
- Darracq Pariès, Matthieu & Papadopoulou, Niki X., 2020.
"On the credit and exchange rate channels of central bank asset purchases in a monetary union,"
Economic Modelling, Elsevier, vol. 91(C), pages 502-533.
- Darracq Pariès, Matthieu & Papadopoulou, Niki, 2019. "On the credit and exchange rate channels of central bank asset purchases in a monetary union," Working Paper Series 2259, European Central Bank.
- Matthieu Darracq Paries & Niki Papadopoulou, 2019. "On the Credit and Exchange Rate Channels of Central Bank Asset Purchases in a Monetary Union," Working Papers 2019-2, Central Bank of Cyprus.
- Harrison, Richard, 2017. "Optimal quantitative easing," Bank of England working papers 678, Bank of England.
- Matthieu Darracq Paries, 2018. "Financial frictions and monetary policy conduct," Erudite Ph.D Dissertations, Erudite, number ph18-01 edited by Ferhat Mihoubi, December.
- Kühl, Michael, 2014. "Mitigating financial stress in a bank-financed economy: Equity injections into banks or purchases of assets?," Discussion Papers 19/2014, Deutsche Bundesbank.
- Bank for International Settlements, 2019. "Unconventional monetary policy tools: a cross-country analysis," CGFS Papers, Bank for International Settlements, number 63, december.
- Fritz Breuss, 2016. "The Crisis Management of the ECB," WIFO Working Papers 507, WIFO.
- Abdoulaye Millogo, 2020. "Hysteresis Effects and Macroeconomics Gains from Unconventional Monetary Policies Stabilization," Cahiers de recherche 20-12, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
- Valentin Jouvanceau, 2016.
"The Portfolio Rebalancing Channel of Quantitative Easing,"
Working Papers
halshs-01349870, HAL.
- Valentin Jouvanceau, 2016. "The Portfolio Rebalancing Channel of Quantitative Easing," Working Papers 1625, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Gregor Boehl & Gavin Goy & Felix Strobel, 2020.
"A Structural Investigation of Quantitative Easing,"
CRC TR 224 Discussion Paper Series
crctr224_2020_193, University of Bonn and University of Mannheim, Germany.
- Böhl, Gregor & Goy, Gavin & Strobel, Felix, 2020. "A structural investigation of quantitative easing," IMFS Working Paper Series 142, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Gregor Boehl & Gavin Goy & Felix Strobel, 2020. "A Structural Investigation of Quantitative Easing," Working Papers 691, DNB.
- Böhl, Gregor & Goy, Gavin & Strobel, Felix, 2021. "A structural investigation of quantitative easing," Discussion Papers 01/2021, Deutsche Bundesbank.
- Andrei Polbin & Sergey Drobyshevsky, 2014. "Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 166P, pages 156-156.
- Aßhoff, Sina & Belke, Ansgar & Osowski, Thomas, 2021.
"Unconventional monetary policy and inflation expectations in the Euro area,"
Economic Modelling, Elsevier, vol. 102(C).
- Aßhoff, Sina & Belke, Ansgar & Osowski, Thomas, 2020. "Unconventional monetary policy and inflation expectations in the euro area," Ruhr Economic Papers 837, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Kabaca, Serdar & Maas, Renske & Mavromatis, Kostas & Priftis, Romanos, 2023.
"Optimal quantitative easing in a monetary union,"
European Economic Review, Elsevier, vol. 152(C).
- Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020. "Optimal Quantitative Easing in a Monetary Union," Staff Working Papers 20-49, Bank of Canada.
- Serdar Kabaca & Renske Maas & Kostas Mavromatis & Romanos Priftis, 2020. "Optimal quantitative easing in a monetary union," Working Papers 697, DNB.
- Francisco Serranito & Philipp RODERWEIS & Jamel Saadaoui, 2023.
"Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process,"
EconomiX Working Papers
2023-17, University of Paris Nanterre, EconomiX.
- Philipp Roderweis & Jamel Saadaoui & Francisco Serranito, 2023. "Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process," Working Papers hal-04159825, HAL.
- Schenkelberg, Heike & Watzka, Sebastian, 2013.
"Real effects of quantitative easing at the zero lower bound: Structural VAR-based evidence from Japan,"
Journal of International Money and Finance, Elsevier, vol. 33(C), pages 327-357.
- Heike Schenkelberg & Sebastian Watzka, 2011. "Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based Evidence from Japan," CESifo Working Paper Series 3486, CESifo.
- Watzka, Sebastian & Schenkelberg, Heike, 2011. "Real effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based evidence from Japan," VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48687, Verein für Socialpolitik / German Economic Association.
- Schenkelberg, Heike & Watzka, Sebastian, 2013. "Real effects of quantitative easing at the zero lower bound: Structural VAR-based evidence from Japan," Munich Reprints in Economics 19757, University of Munich, Department of Economics.
- Hachula, Michael & Piffer, Michele & Rieth, Malte, 2020.
"Unconventional Monetary Policy, Fiscal Side Effects and Euro Area (Im)balances,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 18(1), pages 202-231.
- Michael Hachula & Michele Piffer & Malte Rieth, 2020. "Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances," Journal of the European Economic Association, European Economic Association, vol. 18(1), pages 202-231.
- Michael Hachula & Michele Piffer & Malte Rieth, 2016. "Unconventional Monetary Policy, Fiscal Side Effects and Euro Area (Im)balances," Discussion Papers of DIW Berlin 1596, DIW Berlin, German Institute for Economic Research.
- Hachula, Michael & Rieth, Malte & Piffer, Michele, 2016. "Unconventional Monetary Policy, Fiscal Side Effects and Euro Area (Im)balances," VfS Annual Conference 2016 (Augsburg): Demographic Change 145790, Verein für Socialpolitik / German Economic Association.
- Quint, Dominic & Tristani, Oreste, 2018.
"Liquidity provision as a monetary policy tool: The ECB’s non-standard measures after the financial crisis,"
Journal of International Money and Finance, Elsevier, vol. 80(C), pages 15-34.
- Quint, Dominic & Tristani, Oreste, 2017. "Liquidity provision as a monetary policy tool: the ECB’s non-standard measures after the financial crisis," Working Paper Series 2113, European Central Bank.
- Quint, Dominic & Tristani, Oreste, 2017. "Liquidity provision as a monetary policy tool: The ECB's non-standard measures after the financial crisis," Discussion Papers 36/2017, Deutsche Bundesbank.
- Puonti, Päivi, 2019. "Data-driven structural BVAR analysis of unconventional monetary policy," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
More about this item
Keywords
unconventional monetary policy; financial frictions; small open economy;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2016-04-30 (Central Banking)
- NEP-DGE-2016-04-30 (Dynamic General Equilibrium)
- NEP-MAC-2016-04-30 (Macroeconomics)
- NEP-MON-2016-04-30 (Monetary Economics)
- NEP-OPM-2016-04-30 (Open Economy Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsr:wpaper:y:2016:i:167. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.